Dangote Refinery has increased the price of Premium Motor Spirit (PMS), also known as petrol, by ₦70 per litre.
The price was adjusted from ₦1,175 to ₦1,245 per litre, with the change taking effect from 12:00 a.m. on March 21, 2026.
According to the refinery, the revised rate applies to all outstanding and unloaded volumes.
In a notice sent to marketers on Friday night, the company said customers with pending orders are expected to comply with the new pricing structure.
The refinery also raised its coastal supply price from ₦1,512,648 to ₦1,606,518 per metric tonne.
It attributed the price adjustment to persistent global geopolitical tensions, which it said continue to impact crude oil prices and supply chains.
The company noted that customers operating under valid Bank Guarantees may continue loading products under existing agreements, provided their credit balance covers the price difference.
However, such customers are required to settle the differential arising from the adjustment, with March 23, 2026, set as the deadline for all payments.
The increase is expected to place additional pressure on fuel prices across the country, with possible effects on transportation costs and inflation.
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